The USD/JPY currency pair is in focus as traders analyze upcoming inflation data from Japan and U.S. personal consumption expenditures. These economic indicators could influence market sentiment and drive key movements in the currency pair. Expectations around Bank of Japan policy changes and Federal Reserve signals create a complex trading environment. Analysts debate whether USD/JPY will dip below the critical level of 153.5 or push above 156. The decisions made by these central banks will hold significant sway over currency valuations, and traders must keep a close eye on these developments. It is crucial for market participants to navigate these turbulent waters carefully. As traders position themselves for the week, the anticipation builds around which direction the yen and dollar will trend next.